| Software and Equipment, net | 2. Summary of Significant Accounting Policies Basis of Presentation We have prepared the accompanying
unaudited financial statements in conformity with generally accepted accounting principles in the United States of America pursuant to
the rules and regulations of the United States Securities and Exchange Commission (“SEC”). In the opinion of management, all
adjustments and disclosures necessary for a fair presentation of these financial statements have been included. Our Company’s year-end
is December 31. Going Concern Considerations The accompanying financial
statements have been prepared in conformity with generally accepted accounting principles in the United States of America, which contemplate
continuation of our Company as a going concern. We currently are doing beta testing of our software and have minimal revenues. We have
incurred net losses and have an accumulated deficit of $ 1,035,098 The accompanying financial
statements do not include any adjustments that might be necessary if our Company is unable to continue as a going concern. Use of Estimates The preparation of financial
statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts
of revenue and expenses during the reporting period. Actual results could differ from those estimates. Internal Use Software Development We account for costs incurred
to develop or purchase computer software for internal use in accordance with Accounting Standards Codification (“ASC”) 350-40
“Internal-Use Software” or ASC 350-50 “Website Costs”. As required by ASC 350-40, we capitalize the costs incurred
during the application development stage, which include costs to design the software configuration and interfaces, coding, installation,
and testing. Costs incurred during the
preliminary project stage along with post-implementation stages of internal use computer software are expensed as incurred. Capitalized
development costs are amortized on a straight-line basis over a period of five years, management’s estimate of the economic life.
Costs incurred to maintain existing product offerings are expensed as incurred. The capitalization and ongoing assessment of recoverability
of development costs requires considerable judgment by management with respect to certain external factors, including, but not limited
to, technological and economic feasibility, and estimated economic life. Intellectual Property We have patent and patent
pending technologies with a focus on artificial intelligence (“AI”), machine learning with optimization and Smart Deployment
algorithms. It involves anticipating demand for passengers and dispatching cars in advance – to reduce wait-time, increasing utilization
of vehicles, and decrease cost. It includes new and efficient system for tracking and charging customers with preferred rates, supply
and demand rates, and “specific” community engagement. Patent expenses, consisting
mainly of patent filing fees, have been capitalized and are shown as an asset on our balance sheet. We amortize our Patent asset over
the remaining life of the Patent, which is approximately ten (10) years. Fair Value of Financial Instruments Fair value is defined as the
exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous
market for the asset or liability in an orderly transaction between market participants as of the measurement date. Applicable accounting
guidance provides an established hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes
the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that
market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent
of our Company. Unobservable inputs are inputs that reflect our Company’s assumptions about the factors that market participants
would use in valuing the asset or liability. There are three levels of inputs that may be used to measure fair value:
Level 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
Level 2 - Other inputs that are directly or indirectly observable in the marketplace.
Level 3 - Unobservable inputs which are supported by little or no market activity. As previously noted, the fair
value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring
fair value. Fair value estimates discussed
herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2022 and December
31, 2021. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial
instruments include accounts payable and accrued liabilities, deferred revenue and related-party advances. Fair values for these items
were assumed to approximate carrying values because of their short-term nature or their status of being payable on demand. Long-lived Assets We follow ASC 360-10-15-3,
Impairment or Disposal of Long-lived Assets, which established a “primary asset” approach to determine the cash flow estimation
period for a group of assets and liabilities that represents the unit of accounting for a long-lived asset to be held and used. Long-lived
assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of
an asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted
cash flows expected to result from the use and eventual disposition of the asset. Long-lived assets to be disposed of are reported
at the lower of carrying amount or fair value less cost to sell. Revenue Recognition At our inception, we adopted
ASU 2014-09, Revenue from Contracts with Customers (Topic 606) We exclude from the measurement
of the transaction price, if applicable, all taxes imposed on and concurrent with a specific revenue-producing transaction and collected
by us from a customer, including sales, use, excise, value-added, and franchise taxes (collectively referred to as sales taxes). Sales
taxes which may be collected are not recognized as revenue but are included in accounts payable on the balance sheets as they would ultimately
be remitted to governmental authorities. No such taxes have yet been charged or collected. We have elected the practical
expedient permitted in ASC 606-10-32-18, which allows an entity to recognize the promised amount of consideration without adjusting for
the effects of a significant financing component if the contract has a duration of one year or less. Our revenue arrangements are short-term
in nature and do not have significant financing components, therefore we have not adjusted consideration. During the three months ended
March 31, 2022, we have reported $9 in deferred revenue on the accompanying Balance Sheet. Debt Issued with Common Stock/Warrants Debt issued with common stock/warrants
is accounted for under the guidelines established by ASC 470-20 – Accounting for Debt With Conversion or Other Options. We record
the relative fair value of common stock and warrants related to the issuance of debt as a debt discount or premium. The discount
or premium is subsequently amortized to interest expense over the expected term of the debt. Income Taxes We account for income taxes
in accordance with ASC 740 - Income Taxes Net Loss Per Share We compute net income (loss)
per share in accordance with ASC 260, Earnings per Share no New Accounting Pronouncements We have reviewed all accounting
pronouncements recently issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC and have determined that
they are either not applicable or are not believed to have a material impact on our present or future financial statements.
3 . Software and Equipment, net Software and Equipment, net
consist of the following:
Schedule of software and equipment
March 31, 2022 December 31, 2021
Software for internal use $ 92,000 $ 44,000
Equipment 3,479 1,224
95,479 45,224
Less accumulated depreciation and amortization (455 ) (222 )
Total $ 95,024 $ 45,002 Beginning in the fourth quarter
of 2021, we began developing our digital transportation enablement and enhancement platform for customer use. During the three months
ended March 31, 2022, we capitalized $48,000 representing costs incurred in the application development stage, which include costs to
design and program the software configuration and interfaces, coding, installation and testing. Once the software is installed and fully
tested and we begin to use it for its intended purposes, the costs will be amortized over a five-year period, which is the expected useful
life. Additional costs to maintain the software will be expensed. Equipment consists of two
computers. Depreciation and amortization
of software and equipment amounted to $ 232 no |
